Per NYguy:
From the recently completed FEIS of the Penn Station redevelopment project, 7 East 40th Street is among the expected developments in Midtown East.
It appears as a mixed-use office development with 82 residential units.
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looks like a nice candidate for redevelopment. These are a dime a dozen in the city. And very obsolete.
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Per NYguy:
This would be a part of the projected site 2 assemblage of the East Midtown rezoning. It remains to be seen if the redevelopment will include the entire site.
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Please demo
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